The Philippine financial system experienced substantial growth with a 7.9% increase in resources, reaching P33.66 trillion in January from P31.18 trillion the previous year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP). This considerable expansion predominantly stems
The banking landscape is rapidly evolving, marked by a surge in digital innovations designed to enhance the customer experience. As per recent reports, financial institutions are heavily invested in refining mobile applications, integrating AI for personalized services, and streamlining real-time
In a significant move to bolster its presence in the financial technology sector, Finovifi, an AI-powered FinTech solutions provider for community banks, has announced the acquisition of Modern Banking Systems (MBS). With over 50 years of experience in core processing, Omaha-based MBS has served
The Go programming ecosystem, an increasingly popular choice among developers for its efficiency and simplicity, is currently under siege from a sophisticated typosquatting campaign. This campaign has significantly impacted systems within the financial sector operating on Linux and macOS platforms,
Tokenization is transforming traditional financial assets into digital tokens, embedding asset information and operational rules for streamlined, automated transactions. This innovation is paving the way for more efficient financial systems, enhancing operational efficiency through programmable
In a remarkable milestone for the Philippine banking system, total deposits have surged beyond P20 trillion in 2024, marking a significant achievement in the country's financial landscape. This impressive growth is driven by an 18% increase in the number of deposit accounts, culminating in
